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Just like Bitcoin , Ethereum ( ETHUSD ) will also resume growing but only after seeing lower prices.
It is normal to have a correction after such strong bullish action.
Here we can see that ETHUSD is already trading below EMA10 weekly, sending out a strong bearish signal.
(Note: Candle closure later today is needed for confirmation of this signal. ETHUSD most close below $1361 to confirm the bearish potential).
After we test EMA21 at $1050, we can see a bounce before lower prices.
The RSI has been trending lower strong and this week we have a full bearish candle.
We also have a volume breakout favoring the bears.
Visit my profile for the Bitcoin ( BTCUSD ) daily analysis as well.
Thanks a lot for your continued support.
Namaste.
It is normal to have a correction after such strong bullish action.
Here we can see that ETHUSD is already trading below EMA10 weekly, sending out a strong bearish signal.
(Note: Candle closure later today is needed for confirmation of this signal. ETHUSD most close below $1361 to confirm the bearish potential).
After we test EMA21 at $1050, we can see a bounce before lower prices.
The RSI has been trending lower strong and this week we have a full bearish candle.
We also have a volume breakout favoring the bears.
Visit my profile for the Bitcoin ( BTCUSD ) daily analysis as well.
Thanks a lot for your continued support.
Namaste.
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The Best Altcoins Trades for The Crypto Capital Markets
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🥇My TOP Results
https://alanmasterstrades.com/results/
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